PCi Automates HMDA Compliance

PCi Corp., Boston, has released what it is calling the HMDA Wiz, an enterprise system for lenders who need to achieve compliance with the Home Mortgage Disclosure Act.Recent amendments to HMDA's Regulation C require lenders to report significantly more client information than ever before. To simplify this process, HMDA Wiz automates the compliance process from beginning to end. Among other things, PCi said, the product identifies and collects accurate HMDA data from disparate loan origination systems; automates the distribution of editing and clean-up responsibilities; pinpoints the most precise geocodes available; analyzes business and market trends; accesses in-depth analysis on data; and determines the origin of inaccurate data to develop future procedural improvements. PCi can be found on the Web at http://www.pciwiz.com.